In a letter to the CFPB, 15 trade organizations urged the bureau to follow proper processes concerning proposals under consideration for new rulemaking efforts related to the Fair Credit Reporting Act (FCRA). The co-authors of the Nov. 17 letter, which included NAFCU and CUNA, said the CFPB must issue an Advance Notice of Proposed Rulemaking (ANPR) before it publishes its Notice of Proposed Rulemaking – a procedural step the groups say the CFPB has ignored.
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